Dale Laurance to Succeed Kent Foster as Chairman of Ingram Micro Board of Directors
March 27 2007 - 6:00PM
PR Newswire (US)
Foster to Retire in June After Seven Years as Chairman SANTA ANA,
Calif., March 27 /PRNewswire-FirstCall/ -- Ingram Micro Inc.
(NYSE:IM), the world's largest technology distributor, today
announced that its board of directors selected Dale R. Laurance as
chairman-designate. He will succeed Kent B. Foster, who is retiring
from the board of directors after seven years as chairman, at the
company's annual meeting on June 6, 2007. "Dale has demonstrated
exemplary leadership during his six years as a director and I'm
confident that he will be an excellent chairman," said Foster, who
was also the company's chief executive officer from March 2000 to
June 2005. "His contributions to the board are numerous. He is
currently the board's Lead Director, chair of the Governance
Committee and a member of the Audit Committee. He has provided
valuable counsel for a variety of business issues, including
acquisitions and restructurings, and has beneficial experience on
other boards. I know I'm leaving the company in good hands with
Dale as chairman and Greg Spierkel as chief executive -- they make
a world-class team." Laurance is the former president of Occidental
Petroleum Corporation, retiring at the end of 2004 after 21 years
with the company. He also served on Occidental's board of directors
for 14 years. He is currently the owner of Laurance Enterprises,
LLC, a private advisory services and investment firm. He is a
director of Jacobs Engineering Group (NYSE:JEC), serving as chair
of the human resource and compensation committee, and on the
Advisory Board of Hancock Park Associates, a private equity
investment firm based in Los Angeles. "I am honored to be the
future chairman of Ingram Micro," said Laurance. "I know I have big
shoes to fill. Kent has been an extraordinary business leader and
board chairman, providing guidance during some of the most complex
challenges in the company's history. His leadership helped the
company become stronger, more agile and better positioned for
future success than ever before. I admire his focus on sterling
corporate governance and his emphasis on creating a diverse,
independent board. These are legacies I plan to continue as
chairman. I have tremendous respect for Kent and thank him for the
contributions he made to the board, this company and the entire
industry. With my peers on the board of directors, I look forward
to seeing Ingram Micro rise to new heights, generating greater
value for shareholders." Laurance earned three degrees in Chemical
Engineering: a Bachelor of Science from Oregon State University and
a Master of Science and Ph.D. from the University of Kansas. He is
a member of the Academy of Distinguished Engineers of Oregon State
University and the Chemical and Petroleum Engineering Hall of Fame
at the University of Kansas, which also honored him with the
Distinguished Engineering Service Award. He and his wife live in
the Los Angeles area. About Ingram Micro Inc. As a vital link in
the technology value chain, Ingram Micro creates sales and
profitability opportunities for vendors and resellers through
unique marketing programs, outsourced logistics services, technical
support, financial services, and product aggregation and
distribution. The company serves more than 150 countries and is the
only global IT distributor with operations in Asia. Visit
http://www.ingrammicro.com/. (C) 2007 Ingram Micro Inc. All rights
reserved. Ingram Micro and the registered Ingram Micro logo are
trademarks used under license by Ingram Micro Inc. DATASOURCE:
Ingram Micro Inc. CONTACT: Ria Marie Carlson, +1-714-382-4400, , or
Jim Trainor, +1-714-382-2378, , both of Ingram Micro Inc. Web site:
http://www.ingrammicro.com/
Copyright
Ingram Micro A (NYSE:IM)
Historical Stock Chart
From Jun 2024 to Jul 2024
Ingram Micro A (NYSE:IM)
Historical Stock Chart
From Jul 2023 to Jul 2024